Market Overview:
The global forklift bearings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for forklift trucks across various industries, such as automotive, logistics, and warehousing. Forklift bearings are used in linear movement of forklift truck's mast and vertical movement of a fork carriage. Based on type, the global forklift bearings market is segmented into mast roller bearing, side roller bearing, and chain sheave bearing. Mast roller bearings are used for linear movement of the mast while side roller bearings are used for vertical movement of a fork carriage. Chain sheave bearings are mainly used in heavy-duty applications where high loads and shock loading conditions are present. Based on application, the global Forklift Bearings Market is segmented into two categories: For Linear Movement Of Fork Truck's Mast and For Vertical Movement Of A Fork Carriage .
Product Definition:
Forklift Bearings are bearings that are used in the construction of forklifts. They help to reduce friction and allow the forklift to move more easily. Forklift Bearings are important because they help keep the forklift running smoothly and efficiently.
Mast Roller Bearing:
Mast roller bearing is a type of rolling bearing which is generally used in the masts of ships, where the weight of the mast and its supporting structure exerts considerable pressure on the bearings. The mast carries heavy loads such as antennas, lighting equipment and other utility services to provide power for running engines. In case of ship propulsion, these rollers are subjected to high centrifugal forces; therefore they require suitable support structures to avoid damage.
Side Roller Bearing:
A side roller bearing is a type of rolling bearing that consists of a cylindrical inner race, an outer race, and several concentric rings to facilitate radial and axial movement. The two races are separated by the cylindrical space filled with oil. As the name suggests, side rollers are used on one or both sides of the supporting surface while other bearings would be located in the center.
Application Insights:
The market is segmented by application into for linear movement of forklift truck's mast, and for vertical movement of a fork carriage. For linear movement of the forklift truck's mast held the largest share in 2017. This can be attributed to increasing demand from various industries including manufacturing, automotive and construction among others. The growth in these sectors has led to an increased need for machinery with improved reliability and durability, which is driving the adoption of modern technology such as automation along with human resources thus resulting in higher adoption rate among large organizations or groups.
For vertical movements also held significant share owing to its wide application scope across various industries such as food & beverage, healthcare etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in increased demand for construction equipment. Furthermore, China is one of the largest markets for industrial automation products and it also happens to be a major consumer of industrial lift trucks bearing. Thus, all these factors are contributing toward regional growth.
The Asia Pacific region was followed by Europe that accounted for a share of more than 20% in terms of revenue in 2017 owing to high demand from countries such as Russia.
Growth Factors:
- Increasing demand for forklift bearings from the automotive and construction industries
- Growing popularity of electric forklifts, which require specially designed bearings
- Rising demand for replacement bearings due to wear and tear
- Technological advancements that have led to the development of new bearing designs
- The increasing use of Forklift Bearings in applications such as wind turbines and mining
Scope Of The Report
Report Attributes
Report Details
Report Title
Forklift Bearings Market Research Report
By Type
Mast Roller Bearing, Side Roller Bearing, Chain Sheave Bearing
By Application
For Linear Movement of Forklift Truck's Mast, For Vertical Movement of A Fork Carriage
By Companies
NSK Ltd., NTN Bearing Corporation, SKF, KS Gleitlager, CCTY Bearing, EURO-BEARINGS LTD, JinGang Canada Inc., Jiangsu Wanda Special Bearing Co., Ltd, S. Nanak Singh?Sons, YHSBEARING, HS Bearing Co., Ltd., LUOYANG HUIGONG BEARING TECHNOLOGY CO., LTD, WINKEL GmbH, UFINE, JTEKT Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Forklift Bearings Market Report Segments:
The global Forklift Bearings market is segmented on the basis of:
Types
Mast Roller Bearing, Side Roller Bearing, Chain Sheave Bearing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
For Linear Movement of Forklift Truck's Mast, For Vertical Movement of A Fork Carriage
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NSK Ltd.
- NTN Bearing Corporation
- SKF
- KS Gleitlager
- CCTY Bearing
- EURO-BEARINGS LTD
- JinGang Canada Inc.
- Jiangsu Wanda Special Bearing Co., Ltd
- S. Nanak Singh?Sons
- YHSBEARING
- HS Bearing Co., Ltd.
- LUOYANG HUIGONG BEARING TECHNOLOGY CO., LTD
- WINKEL GmbH
- UFINE
- JTEKT Corporation
Highlights of The Forklift Bearings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mast Roller Bearing
- Side Roller Bearing
- Chain Sheave Bearing
- By Application:
- For Linear Movement of Forklift Truck's Mast
- For Vertical Movement of A Fork Carriage
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Forklift Bearings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Forklift bearings are the spinning components inside a forklift that allow it to move forward or backward.
Some of the key players operating in the forklift bearings market are NSK Ltd., NTN Bearing Corporation, SKF, KS Gleitlager, CCTY Bearing, EURO-BEARINGS LTD, JinGang Canada Inc., Jiangsu Wanda Special Bearing Co., Ltd, S. Nanak Singh?Sons, YHSBEARING, HS Bearing Co., Ltd., LUOYANG HUIGONG BEARING TECHNOLOGY CO., LTD, WINKEL GmbH, UFINE, JTEKT Corporation.
The forklift bearings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Forklift Bearings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Forklift Bearings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Forklift Bearings Market - Supply Chain
4.5. Global Forklift Bearings Market Forecast
4.5.1. Forklift Bearings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Forklift Bearings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Forklift Bearings Market Absolute $ Opportunity
5. Global Forklift Bearings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Forklift Bearings Market Size and Volume Forecast by Type
5.3.1. Mast Roller Bearing
5.3.2. Side Roller Bearing
5.3.3. Chain Sheave Bearing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Forklift Bearings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Forklift Bearings Market Size and Volume Forecast by Application
6.3.1. For Linear Movement of Forklift Truck's Mast
6.3.2. For Vertical Movement of A Fork Carriage
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Forklift Bearings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Forklift Bearings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Forklift Bearings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Forklift Bearings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Forklift Bearings Demand Share Forecast, 2019-2026
9. North America Forklift Bearings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Forklift Bearings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Forklift Bearings Market Size and Volume Forecast by Application
9.4.1. For Linear Movement of Forklift Truck's Mast
9.4.2. For Vertical Movement of A Fork Carriage
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Forklift Bearings Market Size and Volume Forecast by Type
9.7.1. Mast Roller Bearing
9.7.2. Side Roller Bearing
9.7.3. Chain Sheave Bearing
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Forklift Bearings Demand Share Forecast, 2019-2026
10. Latin America Forklift Bearings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Forklift Bearings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Forklift Bearings Market Size and Volume Forecast by Application
10.4.1. For Linear Movement of Forklift Truck's Mast
10.4.2. For Vertical Movement of A Fork Carriage
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Forklift Bearings Market Size and Volume Forecast by Type
10.7.1. Mast Roller Bearing
10.7.2. Side Roller Bearing
10.7.3. Chain Sheave Bearing
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Forklift Bearings Demand Share Forecast, 2019-2026
11. Europe Forklift Bearings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Forklift Bearings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Forklift Bearings Market Size and Volume Forecast by Application
11.4.1. For Linear Movement of Forklift Truck's Mast
11.4.2. For Vertical Movement of A Fork Carriage
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Forklift Bearings Market Size and Volume Forecast by Type
11.7.1. Mast Roller Bearing
11.7.2. Side Roller Bearing
11.7.3. Chain Sheave Bearing
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Forklift Bearings Demand Share, 2019-2026
12. Asia Pacific Forklift Bearings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Forklift Bearings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Forklift Bearings Market Size and Volume Forecast by Application
12.4.1. For Linear Movement of Forklift Truck's Mast
12.4.2. For Vertical Movement of A Fork Carriage
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Forklift Bearings Market Size and Volume Forecast by Type
12.7.1. Mast Roller Bearing
12.7.2. Side Roller Bearing
12.7.3. Chain Sheave Bearing
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Forklift Bearings Demand Share, 2019-2026
13. Middle East & Africa Forklift Bearings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Forklift Bearings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Forklift Bearings Market Size and Volume Forecast by Application
13.4.1. For Linear Movement of Forklift Truck's Mast
13.4.2. For Vertical Movement of A Fork Carriage
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Forklift Bearings Market Size and Volume Forecast by Type
13.7.1. Mast Roller Bearing
13.7.2. Side Roller Bearing
13.7.3. Chain Sheave Bearing
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Forklift Bearings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Forklift Bearings Market: Market Share Analysis
14.2. Forklift Bearings Distributors and Customers
14.3. Forklift Bearings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NSK Ltd.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NTN Bearing Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SKF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KS Gleitlager
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CCTY Bearing
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. EURO-BEARINGS LTD
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JinGang Canada Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jiangsu Wanda Special Bearing Co., Ltd
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. S. Nanak Singh?Sons
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. YHSBEARING
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HS Bearing Co., Ltd.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LUOYANG HUIGONG BEARING TECHNOLOGY CO., LTD
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. WINKEL GmbH
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. UFINE
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. JTEKT Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
